Principal Instructor
Dr. POH, Kim Leng
Associate Professor
Department of Industrial Systems Engineering & Management
National University of Singapore.
email: pohkimleng@nus.edu.sg | website | facebook
office: E1A-06-10 | phone: 6516 2193
Dr. POH, Kim Leng
Associate Professor
Department of Industrial Systems Engineering & Management
National University of Singapore.
email: pohkimleng@nus.edu.sg | website | facebook
office: E1A-06-10 | phone: 6516 2193
IE4243 (4 units). This course teaches the necessary analytical knowledge and practical skills for improving decision-making processes in engineering, management and business environments. This is achieved by providing a paradigm based on normative decision theory and a set of prescriptive tools and computational techniques using state-of-the art software with which a stake holder can systematically analyze a complex and uncertain decision situation leading to clarity of action. Topics from utility theory, influence diagrams, risk preference to multi-attribute utility theory and analytic hierarchy process are covered.
Upon completion of this course you will be able to:
Students will work in group to work on the application of decision analysis to a realistic real-world problem using techniques and software learned in this course.
Homework exercises are given at the end of each chapter in the lecture notes. They will not be graded.
You are required to attempt them as they will help you understand the class materials better.
Solutions will provided.